Rare turnkey investment opportunity! This exceptional property features a beautifully remodeled 3-bedroom, 1-bath single-family home with a new roof, all completed in 2023. Also completed in 2023 are two newly constructed 2-bedroom, 1-bath ADUs and one detached studio, offering outstanding income-producing potential. All units are currently tenant-occupied, providing immediate rental income from day one. Whether you’re an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this property offers incredible flexibility and value. Conveniently located near schools, shopping, restaurants, parks, and major commuter routes. Don’t miss this rare opportunity to own a move-in-ready single-family home with multiple ADUs in the heart of Santa Maria!
1804 S Thornburg Street is a well-located 4-unit multifamily property in Santa Maria with a gross annual income of $99,276, featuring (2) spacious 3Bed/2Bath units and (2) 2Bed/1Bath units, all with convenient in-unit laundry. Recent improvements include a permitted roof completed in 2021 and new permitted stairs completed in 2024. Two underutilized 2-car garages offer potential for additional storage income or possible ADU conversion, providing an opportunity to increase revenue. Built in 1976, the property offers larger floor plans well suited to today’s rental market. With spacious units, recent improvements, value-add potential, and a convenient location, 1804 S Thornburg Street is a compelling opportunity for investors to expand their holdings in Santa Barbara County’s fastest-growing city.
To be sold in conjunction with 123 S Bradley Road, Santa Maria (APN 125-053-007)115-123 S. Bradley Road presents a compelling value-add multifamily investment opportunity in Santa Maria, offering an attractive combination of in-place cash flow, significant rental upside, potential ADU development, and a highly accessible location. Built in 1964, this 13-unit property features a highly marketable and diversified unit mix consisting of six (6) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom units, and two (2) three-bedroom/one-bathroom units.The property also offers potential additional-density upside through ADU development. Pursuant to California Senate Bill (SB) 1211, multifamily property owners may be eligible to develop ADUs at a ratio of up to one ADU per existing unit, subject to applicable limitations, including a maximum of eight (8) ADUs and compliance with density, zoning, and building requirements. Two prominent areas of this property near the property's S. Bradley Road frontage appear to offer potential locations to build out, at least, some additional ADU units.115-123 S. Bradley Road combines an attractive acquisition basis with multiple identifiable value-creation drivers. The combination of below-market rents, potential additional density, recent capital improvements, commuter-oriented location, diversified unit mix, and limited multifamily inventory positions the property as an attractive opportunity for an investor seeking both current income and meaningful upside through active asset management.
Exceptional 4-Unit Condo Investment Opportunity in Santa Maria Discover a rare opportunity to acquire four individually deeded condominium units at 417–423 Tiffany Drive in Santa Maria. This well-maintained fourplex offers the flexibility of a traditional income-producing investment while giving the buyer the unique option to sell the individual condos separately in the future. The property features three 2-bedroom 2-bath units and one 3-bedroom 2-bath unit, with each residence offering its own two-car garage—a highly desirable amenity for residents and a strong value-add for future resale. The property is in excellent condition and is conveniently located near Marian Regional Medical Center and Highway 101 access, making it attractive to a wide range of tenants and owner-occupants alike. Another major advantage is the absence of a traditional HOA. The property operates with a shared maintenance agreement for the common driveway, helping keep ownership straightforward while avoiding the typical HOA structure and associated dues. Whether you're looking to build a rental portfolio, invest in Santa Maria real estate, or acquire an asset with future individual resale potential, 417–423 Tiffany Drive offers a compelling combination of high quality condition, flexibility, location, and long-term opportunity.
Attn: Investors - Income producing property with 3 units : Lovely Main house has 3 bedrooms with 2 baths - nice living room with vaulted ceiling & hanging fan/light, dining area, kitchen & large backyard with separate laundry area & hookups. There is also a Large shed included. Jr. ADU has 1 bedroom with 1 bath, kitchen & living area, outside storage area is available. Attached ADU has 2 bedrooms with 1 bathroom, kitchen, dining & living area, with a backyard. Each unit is fully rented & has reliable tenants that are on a month-to-month basis. Plenty of parking in large driveway & in front of the house. Conveniently located close to Shopping, Restaurants, Schools, Parks, Medical Centers & the 101 Freeway. Jr. ADU & Attached ADU were built 2023.
Excellent 4-Plex Investment Opportunity! Don't miss this great opportunity to own a 4-unit investment property with strong rental demand. Each unit features 2 bedrooms, 1 bathroom, and access to covered carport parking, with parking for 4 vehicles total. The property is generating approximately $8,000 per month in rental income -- nearly $300,000 in gross rental income over three years! One unit has been recently remodeled, and the property has a history of long-term tenancy, including a tenant who occupied Unit C for approximately 14 years. This is a great opportunity for an investor looking for strong income, established rental demand, and long-term investment potential. Priced to sell and being sold AS-IS. Please have proof of funds or loan approval ready when requesting a showing. Call today to schedule your appointment -- opportunities like this don't last!
Unique Investment Opportunity - Zoned R2 with Future Development Potential. This is a rare opportunity for a buyer with vision and patience. Located in an area the City of Santa Maria has identified for future development, this property was previously zoned M1 and is now designated R2. The current use is grandfathered under the prior M1 zoning; however, any new use must comply with the current R2 zoning regulations. Buyers are encouraged to verify zoning and development plans directly with the City of Santa Maria. West Street is a private road. The dirt road from Thornburg is technically not a legal easement. It is an implied easement. All residence have always used the dirt road to access their properties. The lot is approximately 24,306 square feet per recent legal split (records available), though public records still reflect a larger 40,510 square foot parcel. The property includes a 1,092 square foot structure built in 1957 on a slab foundation. The building is in poor condition and may be best suited for tear-down. Utilities include city water, natural gas, and septic system. This is an excellent opportunity to invest in a transitioning neighborhood with long-term upside potential. Please note: attached is a City Map which shows the property line goes through half the road. So this means that this property owner owns part of the road. When the City decides to develop that road which will eventually go from Thornburg to Depot, there is the potential that the City may need to buy this part of the road from this property owner.
Santa Maria is located in California. Santa Maria, California has a population of 109,309. Santa Maria is more family-centric than the surrounding county with 35.88% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Santa Maria, California is $73,300. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Santa Maria is 29.2 years.
The average high temperature in July is 76.4 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 16.5 inches per year, with 0 inches of snow per year.
